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Cybersecurity Firm Reports Most DEXs Are Unsafe, With Fraud Being The Largest Threat
Summary: 14 out of 25 decentralized exchanges score lowly when evaluated based on cybersecurity, a recent report from cybersecurity ranking and certification platform CER has found. CER's evaluation criteria considered whether a DEX underwent a security audit, the availability of bug bounties, and if it had proper SSL/TLS certificates. Any score below a 6 is deemed unsafe ...
14 out of 25 decentralized exchanges score lowly when evaluated based on cybersecurity, a recent report from cybersecurity ranking and certification platform CER has found.
CER's evaluation criteria considered whether a DEX underwent a security audit, the availability of bug bounties, and if it had proper SSL/TLS certificates. Any score below a 6 is deemed unsafe by CER.
Only two DEXs, Uniswap and Synthetix, received a high score according to CER's cybersecurity criteria. The report highlighted that 6 DEXs failed to pass a security audit or did not publicly announce that they had undergone an audit. The report added that DEX users are more at risk from fraud than from hacks.
By Emily Mason
Tags: Cybersecurity,Decentralized Exchange,DeFi,DEX,Synthetix,Uniswap
Link: Cybersecurity Firm Reports Most DEXs Are Unsafe, With Fraud Being The Largest Threat [Copy]
